As we in Europe go through one of the scariest times in the last hundred years, i’m reminded of the resilience of the UK property market. In my opinion it’s testament to all things British. Dealing with UK citizens and also International investors through these last few months has been difficult. There is so much more that now has to be considered when choosing your investment. I am bullish for the market for the rest of 2022 though, I do feel growth will slow next year due to economic and energy strains but demand I believe will still remain strong.
The Telegraph reported last week that properties will be worth £20,000 more by the end of the year as the Government’s official forecaster has predicted the house price boom has another 12 months to go. This high demand and strong household savings mean house prices will climb a further 7.4pc in 2022, this is according to the Office for Budget Responsibility, the Government’s fiscal watchdog.
Property of Choice
If it was my money today I would invest in Brunswick Place in Liverpool. Growth will be above average and the barrier to entry is very low. Liverpool City Council are planning a strategic regeneration framework for the 65-acre Sefton Street Corridor (where Brunswick Place is located). This has been described as a “natural expansion” of the city’s Baltic Triangle district. The area focuses on a major arterial route into the city centre from the south and has seen significant investment in residential development over the past 10 years.
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